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Shares of Ecolab (NYSE:ECL) fell 6.3% after the company reported Q2 results.
Quarterly Results
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Earnings per share were down 54.23% over the past year to $0.65, which missed the estimate of $0.85.
Revenue of $2,686,000,000 declined by 28.54% year over year, which missed the estimate of $2,840,000,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Ecolab hasn't issued any revenue guidance for the time being.
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Date: Jul 28, 2020
Time: 01:00 PM
Recent Stock Performance
Company's 52-week high was at $231.36
Company's 52-week low was at $124.60
Price action over last quarter: Up 7.32%
Company Profile
Ecolab produces and markets cleaning and sanitation products for the hospitality, healthcare, and industrial markets. The firm is the global market share leader in this category with a wide array of products and services, including dish and laundry washing systems, pest control, and infection control products. The company has a strong hold on the U.S. market and is looking to increase its profitability abroad. Additionally, Ecolab serves customers in water and energy end markets, selling customized solutions.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.